UC Resources Ltd.
TSX VENTURE : UC

UC Resources Ltd.

January 30, 2007 14:55 ET

UC Resources Commences Silver and Gold Production in Mexico

TORREON, COAHUILA, MEXICO and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 30, 2007) - UC Resources Ltd. (the "Company") (TSX VENTURE:UC) is very pleased to announce that the Company has reached a significant milestone. Commencement of production has begun at the Company's La Yesca project, located in the state of Nayarit, Mexico.

As previously announced in a news release dated January 24th, 2007, the plant's initial start-up was part of the new plant's commissioning process, and was required for testing all of the plant's various components. Minor modifications were made through the course of the past ten days, and now this phase has been successfully completed.

The initial feed rate of the plant is at 50 tons per day, and this will be ramped up to the plant's design rate of 200 tons per day over the course of the next few weeks.

The Company will provide bi-weekly operations reports initially, in an effort to communicate with its shareholders as to the progress of their operating facility.

UC Resources is a Canadian exploration, development and production company focused on silver and gold in Mexico. The company intends to generate cash flow from its production assets as well as explore its expanded flagship exploration property, the 1,500 square kilometre Copalquin project, located in NW Durango State in Mexico. UC Resources has a goal to acquire additional silver and gold quick-to-production assets during the course of the year with a goal of reaching at least 700 tpd feed capacity by the end of 2007.

The Company cautions that it has not completed a feasibility study on its properties and there is no certainty that any of its plans will be economically feasible.

On behalf of the Board,

Richard J. Hamelin, President & CEO

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • UC Resources Ltd.
    Richard J. Hamelin
    President & CEO
    (604) 681-7265 or Toll Free: 1-800-366-8566 (Canada & USA)
    (604) 608-6163 (FAX)
    Website: www.ucresources.net